eToro Launches eToroX Exchange and 8 Custom Stablecoins

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eToro Launches eToroX Exchange and 8 Custom Stablecoins
Israeli-based social trading platform eToro has launched eToroX, a fully regulated crypto exchange. eToroX debuts with half-a-dozen top cryptocurrencies and eight fiat currency-backed stablecoins, the latter of which are now open-source.
eToro Launches eToroX Exchange and 8 Custom Stablecoins

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Source: CoinSpeaker

Crypto Market Primed For Lift-Off: Bitcoin Cash, Litecoin (LTC), TRX, ADA Analysis

The total crypto market cap stayed above the key $160.0B support and climbed towards $170.0B.
Litecoin (LTC) price recovered recently and moved above the $80 resistance.
Bitcoin cash price extended gains and it could move higher towards the $320 level.
Tron (TRX) price is currently consolidating above the key $0.0260 support area.
Cardano (ADA) price must break the $0.0850 resistance to start a decent upward move.

The crypto market cap is up more than $4 billion, with positive moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA are likely to extend gains.
Bitcoin Cash Price Analysis
Bitcoin cash price started a strong upward move after BSV’s nasty drop against the US Dollar. The BCH/USD pair broke the $300 resistance level to move into a positive zone. The price gained traction and it recently moved above the $310 resistance area.
If the price continues to move higher, it could even surpass the $320 resistance level. On the other hand, if there is a downside correction, the price may perhaps test the $305 support area.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price traded close to the $75 support area and recently rebounded above $78. LTC even broke the $80 resistance and it is currently trading in a positive zone. On the upside, an immediate resistance is at $82, above which the price is likely to rise towards the $85 resistance area.
Tron price remained under pressure earlier this week and traded below the $0.0272 support. TRX price traded close to the $0.0260 support level and it is currently consolidating. On the upside, a break above $0.0270 and $0.0272 is must for a decent upward move.
Cardano price recovered above the $0.0800 resistance level. ADA price is currently trading above the $0.0820 level, with many resistances near the $0.0840 and $0.0850 levels. On the downside, the main support is at $0.0800, below which the price could test $0.0780.

Looking at the total cryptocurrency market cap 4-hours chart, the $158.0 and $160.0B support levels proved significant. The market cap stayed above the $160.0B support and a major bullish trend line. It recovered above the $165.0B level and tested the main resistance near $170.0B and the 50% Fib retracement level of the last decline from the $179.9B high to $158.0B low. On the downside, the main supports are $165.0B and $164.0B. Below the trend line, the market cap could revisit the $160.0B support. On the upside, a clear break above the $170.0B resistance is likely to open the doors for more gains in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins in the near term.
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What Happens When Litecoin Mining Block Rewards Halves in August 2019?

Litecoin was one of the earliest spinoffs of Bitcoin which came into existence in October 2011 and since then the coin has stayed pretty identical to Bitcoin. Just like the Bitcoin, Litecoin too would be undergoing the mining reward halving process in August 2019 and every stakeholder needs to be prepared for the event as to what could be the probable consequences. Binance Research explains
Litecoin’s block profitability will be cut in half in the span of 5 minutes
In crypto world, halving is a fixed event when the block rewards cut into half and the profitability from a block is reduced to 50%. For Litecoin, its chain’s block rewards for mining are perpetually reduced by one half every 840,000 blocks. With the way, the current block generation time is set to ~2.5 minutes this event is occurring is scheduled to happen every four years. Litecoin’s current block reward is set at 25 litecoin per block and will subsequently decrease to 12.5 litecoin per block around August 6th (at exactly block 1,680,000)
Litecoin has had just one block halving in August  2015 when the price of the coin  increased from around 1.5 USD (3 months before halving) to over 3 USD post-halving, with a peak of 7 USD  in mid-July 2015 while the hashrate dropped by roughly 15% around the event, before quickly rebounding in the two weeks following the halving.
While the past is behind us there are four possible “watch outs” for Litecoin block halving this time. These include

Price Rallies Before Stabilizing at a new high: The price of Litecoin has already started rallying since the beginning of the year, exhibiting a 200% year-to-date return, while the broader market is up by 40% YTD
Hashrate Increases Before The Halving: This too has already happened. As the rewards will be halved, more miners may decide to start mining Litecoin (instead of other currencies) as they want to mine as much litecoins as possible short-term in anticipation of the future decrease in mining rewards
Mining Profitability Adjust as Miners Exit the Market: If some miners were to leave the market and/or switch over to mining other, more profitable coins, the hash rate would decrease. As a result, this reduced competition would help compensate for the loss of profitability due to the absolute block reward reduction.
Permanent Drop in Mining Profitability: If Litecoin’s post-90-day price post-halving would be near its historical long-term median, all other things being equal, it would result in lower profitability for all Litecoin miners

While there could be many possibilities depending on how the coin is placed closer to the halving date. However, rational miners would still consider the marginal profitability and opportunity costs of mining each PoW cryptocurrency over the same time periods to decide whether or not it is more profitable to mine Litecoin or other cryptocurrencies. While the event is important for every Litecoin stakeholder, with no much history in place it becomes difficult to predict what would actually happen.
What do you think would be the possible outcome of Litecoin halving? Do let us know your views on the same.
The post What Happens When Litecoin Mining Block Rewards Halves in August 2019? appeared first on Coingape.
Source: CoinGape

eToroX Launches Crypto Exchange Including Suite of Unique Stablecoins

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eToroX Launches Crypto Exchange Including Suite of Unique Stablecoins
eToroX announced the launch of its crypto exchange.
eToroX Launches Crypto Exchange Including Suite of Unique Stablecoins

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Source: CoinSpeaker

Crypto Market Near Decisive Support: Bitcoin Cash, Litecoin (LTC), EOS, XLM Analysis

The total crypto market cap is currently above the key $160.0B support area.
Litecoin (LTC) price is down more than 5% and it recently broke the $80.00 support zone.
Bitcoin cash price performed really well after BSV was delisted from binance.
EOS price failed to hold gains and traded below the $5.45 and $5.40 support levels.
Stellar (XLM) price is correcting lower and it is likely to test the $0.1100 support area.

The crypto market cap is near a crucial support near $160.0B, If its holds, there could be a rebound in bitcoin (BTC), Ethereum (ETH), litecoin, ripple, bitcoin cash, EOS, tron (TRX), stellar (XLM), and other altcoins.
Bitcoin Cash Price Analysis
Bitcoin cash price climbed higher recently and settled above the $300 support area against the US Dollar. The BCH/USD pair gained traction after a major cryptocurrency exchange, binance decided to delist bitcoin SV. There was a sharp upward move in BCH/USD and the price surged above the $310 level.
There are many positive signs on the charts and it seems like the price may continue to rise towards the $320 and $325 levels in the near term. On the downside, the main supports are $300 and $295.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price struggled to gain momentum above the key $82 and $84 levels. LTC started a fresh downward move and broke the $80 support. The price is down more than 5% and it is currently trading near $78. If there are more losses, the price may revisit the $75 support area.
EOS price traded above the $5.40 level recently, but it failed to clear the $5.55 resistance area. As a result, there was a fresh decline and the price broke the $5.40 support area. The next key support is at $5.35, below which there is a risk of a push towards the $5.30 support area.
Stellar price remained in a bearish zone and it recently traded below the $0.1150 support level. XLM price is likely to extend the current decline towards the $0.1100 support area, where buyers are likely to emerge.

Looking at the total cryptocurrency market cap hourly chart, there was a decent recovery from the $158.0B and $160.0B support levels. The market cap climbed above the $165.0B level, but it failed to overcome the $170.0B resistance. There was a bearish reaction and the market cap declined towards the $160.0B support and a connecting bullish trend line. As long as the market cap is above the trend line and $158.0B, it could climb higher. Conversely, a downside break below $158.0B might increase selling pressure on bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX and other altcoins in the coming sessions.
The post Crypto Market Near Decisive Support: Bitcoin Cash, Litecoin (LTC), EOS, XLM Analysis appeared first on NewsBTC.
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Fake Trading Volumes in XRP Continue to Cast Shadow on the Crypto Markets

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Fake Trading Volumes in XRP Continue to Cast Shadow on the Crypto Markets
A recent report suggests that over 90% of the trading volumes reported by exchanges for Bitcoin and other major altcoins are fake.
Fake Trading Volumes in XRP Continue to Cast Shadow on the Crypto Markets

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Source: CoinSpeaker

$5 Billion Back into Crypto Markets as Bitcoin Cash, Litecoin and Tezos Surge

Crypto markets moving again this Monday; Bitcoin Cash, Litecoin and Tezos cranking, Bitcoin holds gains.
Market Wrap
Monday brings fresh movement to crypto markets and it is upwards following three days of consolidation. A further $5 billion has been added back into crypto assets as the altcoins lead market cap back up towards $180 billion once again.
Bitcoin has spent the best part of the weekend floating around the $5,100 level. Since pulling back slightly on Sunday BTC has registered a gain of 2.3 percent to reach $5,180 at the time of writing. Sentiment is still bullish however more analysts are shifting into the correction camp and predicting a larger retreat for Bitcoin.
Ethereum is moving a little more as it approaches $170 again. The three percent gain has shifted volume levels back over $5 billion and ETH is back over the 100 hour moving average. Further gains are likely providing it can hold these levels above $165.
The top ten is all green at the moment but two altcoins have surged surging during Asian trading today. Bitcoin Cash jumped 10 percent to top $300 once again and take fourth place with a market cap reaching $5.3 billion. Fundamentals have been positive for BCH recently and it continues to outperform its big brother. Litecoin is the other big mover as it pumps 8% to reach $83 and flip EOS once again. The rest have made 2 – 4 percent aside from XRP which has barely moved.
The top twenty is also awash with green and some altcoins are ripping right now. Tezos is one of them with a big pump and Ontology is making a comeback with 5% added on the day. The rest are all climbing 3 – 4 percent on the day as markets move following weekend lethargy.
FOMO: Tezos On a Train
Tezos has surged 18% on the day to reach $1.15 and is today’s top one hundred top performer. The Foundation has updated its charter to improve its governance and Tezos ‘baking’ which is part of its staking based consensus protocol.
Maximine Coin is back on a pump again as it adds a further 15% to yesterday’s gains and Lambda is still on the fomo train with 12% more today. ABBC Coin is the only crypto getting a double digit dump as it loses 12% while the majority of the rest are in the green. Enjin Coin is also pulling back 6% today.
Total crypto market capitalization 24 hours. Coinmarketcap.com
Total crypto market cap is up $5 billion overnight to reach $176 billion and a slow and steady gain of just below 3 percent. Daily volume is approaching $40 billion again as Monday momentum starts to ramp up. The altcoins are commanding things at the moment as Bitcoin dominance drops below 52% once again.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Could Bounce Back: Bitcoin Cash, Litecoin (LTC), EOS, XLM Analysis

The total crypto market cap is currently above the key $158.0B support area.
Litecoin (LTC) price declined below the $80.00 support, but it could find support near $75.00.
Bitcoin cash price is facing a strong resistance near the $280 and $285 levels.
EOS price is still consolidating above the $5.20 support area.
Stellar (XLM) price is slowly moving lower towards the key $0.1100 support area.

The crypto market could bounce back since bitcoin (BTC) and Ethereum (ETH) are holding key supports. There could be a decent rebound in litecoin, ripple, bitcoin cash, EOS, tron (TRX), stellar (XLM), and other altcoins.
Bitcoin Cash Price Analysis
Bitcoin cash price started a major downside correction below the $300 support area against the US Dollar. The BCH/USD pair declined below the $285 and $280 support levels. The price tested the $260 support area and it is currently correcting higher.
However, the previous support levels at $285 and $280 are acting as resistances. Above these, the price is likely to revisit the $300 resistance area. On the downside, the main supports are $270 and $260.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price failed to stay above the key $82 and $80 support levels. LTC traded close to the $75 support area and it is currently consolidating gains. It must move back above the $82 and $85 levels to start a fresh upward move. On the downside, a break below $75 may push the price towards the $70 level.
EOS price broke the $5.50 support area and declined sharply towards the $5.00 support. Later, it recovered and it is currently consolidating above the $5.20 support levels. On the upside, there are many resistances near the $5.35 and $5.40 levels. On the downside, the price might revisit the $5.00 support if it fails to stay above $5.20.
Stellar price moved into a short term bearish zone, with a close below the $0.1200 support level. XLM price is trading below the $0.1150 and it seems like it may continue to move down towards the $0.1100 support area.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp decline from the $180.0B resistance area. The market cap broke the $170.0B support area and tested the $158.0B support area. There is also a connecting bullish trend line in place with current support near the $160.0B level on the same chart. Therefore, as long as the market cap is above the $160.0B and $158.0B support levels, it is likely to bounce back. If not, there could be an extended decline below the recent lows in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX and other altcoins in the coming sessions.
The post Crypto Market Could Bounce Back: Bitcoin Cash, Litecoin (LTC), EOS, XLM Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Litecoin Gets Fundamentally Stronger As the Hashrate Reaches New All Time High

The first quarter of 2019 has been fairly decent for Litecoin. Not just the price of the coin saw a peak of USD 99 dollar but now the hashrate has all reached the new all-time high making it fundamentally stronger and more secure.
Litecoin’s Network hashrate follows the price
According to data provided by BitInfoCharts, the network peaked at 359.43TH/s on 4th April 2019 breaking the previous high of almost 11 months ago 24.05.18 at 342.88TH/s.
Source: Bitinforcharts.com
The same news was shared by Litecoin’s official twitter handle
Source: Twitter
This high hashrate means that the network has gone stronger fundamentally and it is now much harder and difficult than it has ever been for a single hacker to attack the network through proof of work, the consensus model by where new blocks of transactions are mined and verified.
What has been more interesting that this spike in hashrate is followed by the recent spurt in the price of the Litecoin and this is not the first time this has happened. The network hashrate has historically too moved in correlation with the price of the coin. Historically too the hashrate has been behaving in a similar fashion to a moving average as it takes time for miners to set up and acquires new machines. What is also noted that the reaction of hashrate to price on the downside is much quicker as it is just a matter of seconds to switch off the machines once they become unprofitable.
But this spike in Hashrate has quickly recovered and stuck closely to the meteoric rise in price as the mining hardware was most likely still sitting on the sidelines just waiting to come back online. This also explains why it has reached a new all-time high even though the price is still 1/4 from a peak of $400+. Another reason for this rise beside the price is that there could be more efficient mining hardware which is generating higher hashrates even though the price is still 1/4 from the peak of $400+.
So with this equation, it looks pretty clear that there is still greater potential for room to the upside. The longer the price stays stable in this range there are more chances of getting a more accurate the hashrate will be. Going on existing data and hardware, we think it would be possible to comfortably reach 500TH/s at $100. This would again depend on the availability of mining hardware so don’t expect it to continue at this velocity going forward.
Litecoin is just getting stronger and the current price is just becoming a base for the coin to rise higher. Being in top 5 for quite some time now if the fundamental story of the coin keeps getting stronger, very soon we may see Litecoin among the top 3 coins.
Is Litecoin coming out to be the best coin to invest in? Do let us know your views on the same
The post Litecoin Gets Fundamentally Stronger As the Hashrate Reaches New All Time High appeared first on Coingape.
Source: CoinGape

Crypto-Market Update: Bitcoin [BTC] Holds $5k Support, BCH, LTC, And BNB Lead the Altcoins in Green

Bitcoin [BTC] climbs back above the $5000 level to retest the $5100 resistance level. The price of Bitcoin [BTC] at 4: 00 Hours UTC on 13 April 2019 is $5119. Bitcoin is looking to find support near the $5000 level. It is trading 1.85% higher on a daily scale.
After a Swift fall-back from $5500 level Bitcoin registered a low of $4952 with a 9.96% decrease on a daily scale. However, it climbed back above $5000 starting to form support near the $5000 level.
John Pearlstone, a trade analyst, commented on the recent break-out and fall-back of Bitcoin from $5500, back to the support level of $5000.
“This is very typical price action during a bullish cycle,” he emphasized, adding that “price action continues to favor the bullish path even though we’ve pulled back,” with the next “likely target” being $6,000.
BTC/USD 1D chart on Bitfinex (TradingView)
Bitcoin Cash [BCH]
Bitcoin Cash [Cash] gained over 12% in 4 hours as BTC bounced back above the $5000 level. The rise can be attributed to the #Delist Bitcoin SV [BSV] movement that might have restored investor and miner’s confidence in BSV’s biggest rival: Bitcoin Cash [BCH].
The price of Bitcoin Cash [BCH] at 4: 00 Hours UTC on 13 April 2019 is $285. The price is trading 7.8% higher on a daily scale.
Litecoin [LTC]
Litecoin [LTC] and Bitcoin [BTC] chart have shown similar movements in the last few days. As Bitcoin’s dominance is still 51.9%, the movement on Bitcoin [BTC] has a considerable effect on the markets. However, the gains and losses on Litecoin [LTC] have been steeper than BTC.
LTC/USD 1-D Chart on Bitfinex (Tradingview)
The price of Litecoin [LTC] at 4: 00 Hours UTC on 13 April 2019 is $80.6. The price is trading 3.58% higher on a daily scale.
Some of the other cryptocurrencies with notable gains were Binance [BNB] coin, NEM, Ontology (ONT), Tezos (XTZ), VeChain, Basic Attention Token [BAT], Lisk, Nano. Moreover, while most of these gains were scattered around 5%, BAT, Nana, and Lisk neared double-digit gains.
Also read: Binance Coin [BNB] Becomes Hottest Crypto With Over 6% Spike
Tron[TRX] and Cardano’s ADA token gained 2.67% and 3.04% respectively on a daily scale.
Ethereum [ETH], XRP and Stellar [XLM] Among Lower Percentage of Gainers
The altcoins which are currently coupled with Bitcoin [BTC] price also gained by small amounts on 12th April 2019. Ethereum [ETH], XRP and Stellar [XLM] registered an equivalent rise of less than 2% in a daily period.
The price of Ethereum [ETH] at 4: 00 Hours UTC on 13 April 2019 is $165. The price is trading 1.40% higher on a daily scale. Whereas, XRP and Stellar traded with a high of 1.06% and 1.30% respectively.
Do you think Bitcoin will hold the $5000 support level as volatility in Bitcoin price continue to decrease? Please share your views with us. 
The post Crypto-Market Update: Bitcoin [BTC] Holds $5k Support, BCH, LTC, And BNB Lead the Altcoins in Green appeared first on Coingape.
Source: CoinGape

Crypto Market Near Crucial Juncture: Bitcoin Cash, XLM, EOS, TRX Price Analysis

The total crypto market cap declined more than $10 billion and tested the key $158.0B support.
Bitcoin cash price is down around 7% and it is currently trading near the $265 support.
EOS price broke the key $5.50 support and tested the $5.25 support zone.
Stellar (XLM) price retreated from highs and it is currently approaching the $0.1100 support area.
Tron (TRX) is down around 6% and it recently broke the $0.0270 support level.

The crypto market cap, bitcoin (BTC) and Ethereum (ETH) declined recently towards important supports. BCH, Stellar (XLM), ADA, EOS, ripple and tron (TRX) are likely to bounce back in the short term.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $290 support and declined heavily support against the US Dollar. The BCH/USD pair broke the $285 support level and even cleared the $270 support level. The price tested the $265 support level and it is currently consolidating losses.
On the upside, an immediate resistance is near the $270 level, above which the price is likely to climb higher towards the $280 and $285 resistance levels.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price failed to hold the key support near the $5.50 level. There was a sharp decline below the $5.40 and $5.30 support levels. The price tested the $5.25 support and it is currently correcting higher. An initial resistance is at $5.40, above which the price could test the main pivot area near the $5.50 level.
Stellar price failed to stay above the $0.1250 level and recently declined below the $0.1200 support level. XLM price even broke the $0.1150 support and it seems like sellers are likely to aim the main support near the $0.1100 level in the near term.
Tron price failed to stay above the $0.0300 level and declined recently. TRX price broke the $0.0290 and $0.0280 support levels to enter a bearish zone. It even traded below the key $0.0270 support level and tested the $0.0260 support. The next main support is at $0.0250, where buyers could take a stand.

Looking at the total cryptocurrency market cap hourly chart, there was a strong rejection near the $178.5B ad $180.0B resistance levels. The market cap declined more than $20 billion and tested the $158.0B and $160.0B support levels. It is holding the key $158.0B support level, with a bullish angle. Therefore, there are chances of a sharp bounce in the near term towards $165.0B or $170.0B levels. Conversely, a break below the $158.0B support may accelerate losses. Overall, there are chances of a solid comeback in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, ICX, WTC, and other altcoins in the near term.
The post Crypto Market Near Crucial Juncture: Bitcoin Cash, XLM, EOS, TRX Price Analysis appeared first on NewsBTC.
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Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bears loom as market correction forces hit market

After the recent bull run, market correction forces forced many coins to lose their valuation. Bitcoin [BTC], the largest cryptocurrency in the world, witnessed a minor decline of 0.82 percent against the US Dollar. The market capitalization was recorded to be around $91 billion and the coin was priced at $5171, at press time.
Litecoin [LTC] suffered brutally at the hands of the bear as its valuation dropped by 7.22%, at press time. The 24-hour trade volume was around $2.9 billion, while the token was priced at $81.78.
Bitcoin 1-day chart
Source: Trading View
The 1-day chart for Bitcoin was relatively positive as prices rose on the back of the recent bullish wave. The uptrend extended from $3913.60 to $5308.60. The new resistance line was scaled at $5312.40 and the support line remained at $3281.70.
The Parabolic SAR indicator remained under the candlesticks in the chart, implying the continuation of the bullish trend.
The Chaikin Money Flow line was above the zero line, indicating major cash inflow for the coin.
The Fisher Transform line dipped under the red line, indicating the start of a bearish trend.
Litecoin 1-day chart
Source: Trading View
Litecoin’s one day chart was majorly bullish as the coin witnessed a huge spike in price since December 2018. The significant uptrend extended from $40.053 to $92.578 and the support was lined at $23.23. The resistance line after the bull run was placed at $93.61.
The Bollinger Bands pointed towards a volatile period for the coin as the markers were diverging on the chart.
The Relative Strength Index pointed towards a neutrality between the selling and buying pressure after the token was oversold in the market earlier.
The Awesome Oscillator gave the upper hand to the resurfacing bearish momentum as the red bars dominated the trend chart.
Conclusion
Both tokens’ prices dropped significantly after market correction forces took hold of the coins. A reversal to a bearish trend was considered imminent.
The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bears loom as market correction forces hit market appeared first on AMBCrypto.
Source: AMB Crypto

Cool off, Litecoin (LTC) May Drop To $60 Before Rallying to $110

Litecoin prices drop 10 percent
CoinBase teaming with Visa will drive adoption

Not only is CoinBase aggressively listing digital assets and departing from their cautious approach, but they are also busy partnering, opening doors allowing their users to spend their Litecoin balances thanks to their collaboration with Visa. Meanwhile, prices are dropping and may retest $70 and even $60 in a correction phase.
Litecoin Price Analysis
Fundamentals
The correlation between Bitcoin and Litecoin is direct. Although it may not be one according to math done by CoinPredictor, the correlation coefficient of their prices is 0.58. That’s more than 50 percent and is therefore significant. Therefore, any spike or drop of Bitcoin will likely force liquidation in Litecoin and many other coins. We saw that behavior last year, and even as prices recover, the light liquidity behind Litecoin means it is leading.
However, what is interesting are fundamental developments. Active wallet addresses are increasing and so are institutional involvement. As we know, any injection of funds by any of the prominent institutional grade participants translate to confidence. Fidelity would participate in providing custodial solutions and so will CoinBase. It is not in custody alone. CoinBase plans to be a broker-dealer while acting as an exchange supporting Litecoin.
What is interesting though is their partnership with Visa. Visa is a centralized payment processor and the largest in the world. Therefore, their collaboration with CoinBase allowing users to spend—rather than hold their Bitcoin, ETH, XRP and Litecoin balances across millions of Visa supporting points across the globe, is a guaranteed path towards mainstream adoption and demand.
“This is the first debit card to link directly with a major cryptocurrency exchange, allowing people to spend their crypto balances direct from their Coinbase account. Previously available crypto cards required users to pre-load a specified amount of crypto onto their card, adding a point of friction to the process.”
Candlestick Arrangements

Price wise and Litecoin (LTC) buyers are slowing down, shedding 10 percent in the last day. It may be a double-digit slump, but considering the coin’s super rally during the previous three months when buyers’ momentum breached $50 invalidating the bears of Nov 2018, a correction was due—and it is happening as press time.
Note that we have a three-bar bear reversal pattern. Today’s bar is wide-ranging hinting at sell momentum confirming bears and simultaneously correcting the coin’s overvaluation of Apr 4-6.
In that case, we expect support at around the 61.8 and 78.6 percent Fibonacci retracement level of the last leg up in a retest before bull trend resumption towards $90.
Technical Indicators
Our anchor bar is Apr-3 with 1.46 million. Even though it is bullish, it is above the upper BB with a long lower wick pointing to over-extension. For our bullish stand to be valid, any drop towards $70 or $60 should be with light volumes below 1.46 million of Apr-3 or 750k of Apr-2.
Chart courtesy of Trading View
The post Cool off, Litecoin (LTC) May Drop To $60 Before Rallying to $110 appeared first on NewsBTC.
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